‘Why does my gas cost $4.00 per gallon?’

By: Steve Maley (Diary)  |  May 3rd at 05:30 PM  | 

Everybody is asking that question these days. The average nationwide price for all grades this week is $3.96/gallon; Californians are paying on average $4.26, the highest in the nation. Why does it cost so much, especially considering that the price was below $2.00/gallon just within the last couple of years? Nearly seventy percent of the price of a gallon of retail gasoline is the price | Read More »

Blast from the Past: ‘Remember $4.00 Gas? Just Wait.’ (Dec ’09)

By: Steve Maley (Diary)  |  April 29th at 12:00 PM  | 

From Vladimir’s diary, dated December 18, 2009: Remember $4.00 per Gallon Gasoline? Just Wait. Well, here we are, less than 18 months later. A little context: Gasoline prices (national average, all grades) peaked over $4.00 per gallon for a couple of months in the summer of 2008. Prices bottomed in December 2008 at $1.66. By December 2009, at the time of the writing of the | Read More »